📣USOIL: Trading Within Two Structures

📣USOIL: Trading Within Two Structures

From a technical perspective, USOIL is showing two scenarios.

However, considering the actual situation that it is not stable at all the market is positioned more bullish than bearish and you should be careful while trading OIL

A break out of the price above 107.95 will confirm the bullish movement that can increase up to 115.95

A breakdown of the price below 101.55 will confirm the bearish movement that can decrease the price up to 94

Thank you and Good Luck!